Wellington creates Hong Kong presence

Wellington International Management has hired Ada Mak in Hong Kong to handle institutional marketing and to explore opening an office there. Sources say Wellington is interested in obtaining licenses for its offshore products from the Hong Kong Securities and Futures Commission. There is no firm timetable for doing so, however. Mak previously headed up regional distribution for Merrill Lynch Investment Managers, reporting to Seiichi Fukuyama in Hong Kong. MLIM's Asian business was cu…